RE: RE: RE: PP vs Open MarketSchiff it is interesting that you picked 13 cents. That seems to be a good number for such an argument. At that price my preference would be to go with the market shares, it allows an exit. Of course the best strategy is to buy the PP, short the stock and hold the warrants. If the PP is 18 cents and you can sell shares at 15 to 16 cents that is only 2 to 3 cents for a two year warrant. Not bad for a stock that may go to $2+.
Personally I do not think Capital Street will sell 16 million shares unless Stormont comes in and buys. Why didn't management wait until the end of the month to make the announcement. That way they had a chance for the August 22 warrants to be cashed in. Almost seems they didn't want them cashed. My understanding is that the PP was a surprise to Capital. It is the same PP they canceled in June.